Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Key Info We Need to Know About Boosting Predictability of Dividend Record Dates in Korea

Unpacking the Backstory of HMM's Value-Up Disclosure Today: Dividend Arbitrage Still in Focus

HMM: Material Improvement in Corporate Value Up Plan

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>To stay in the Value-up index by June, HMM needs to maintain high ROE, but with 2023's dip and a 2024 estimate around mid-10%, they’ll be borderline in the rankings.</li>
<li>Local markets expect HMM’s dividend payout to range from 840 KRW to mid-1,000 KRW, with a yield of 4.5% to 8%, while futures show mild backwardation in February and March.</li>
<li>HMM may finalize the dividend and announce the record date by late January, with the record date likely in mid to late February.</li>
</ul>


To stay in the Value-up index by June, HMM needs to maintain high ROE, but with 2023's dip and a 2024 estimate around mid-10%, they’ll be borderline in the rankings.
Local markets expect HMM’s dividend payout to range from 840 KRW to mid-1,000 KRW, with a yield of 4.5% to 8%, while futures show mild backwardation in February and March.
HMM may finalize the dividend and announce the record date by late January, with the record date likely in mid to late February.


HMM's Shaping up to Be a Solid Pick for Classic Dividend Arbitrage Plays

HMM Co., Ltd.

HMM's Shaping up to Be a Solid Pick for Classic Dividend Arbitrage Plays